#argentina
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Argentina under Milei: fiscal wins, social strain, crypto reform
President Javier Milei rode to power in 2023 on a pledge to reboot Argentina’s economy after decades of stagnation and triple‑digit inflation. Two years on, the paradox of his program is clear: striking fiscal wins paired with a steep social bill. Argentina Investigates El Salvador's Bitcoin Integration Strategy
Argentina's new government is showing a keen interest in Bitcoin's potential. Newly elected president and crypto enthusiast Javier Milei is progressively making good on his promise to weave digital assets into the fabric of the real economy. 
In the face of escalating inflation (211%), Argentinians continue to actively purchase dollar-pegged stablecoins, steering clear of Bitcoin due to its high volatility. For cash purchases of these stable tokens, locals are turning to domestic P2P exchanges due to the country's stringent currency regulations. 
In the Argentine primary elections, Javier Milei, a candidate who supports Bitcoin and vehemently opposes the Central Bank, has garnered most of the votes.
He's not shy about criticizing the Central Bank, dubbing it a conduit for politicians to exploit Argentinians via inflation.
Milei is convinced that the salvation lies in Bitcoin, which can instill privacy back into finances.
Simultaneously, Bitcoin has hit a fresh historical maximum value when measured in Argentine peso. Argentine Authorities Set Sights on Crypto Payments
Argentina's central bank has put a stop to payment providers offering crypto transactions, aiming to limit the country's payment-system exposure to digital assets. The move impacts fintechs and financial institutions alike, as both are now prohibited from facilitating crypto services through their apps. 
Crypto Regulations in Argentina
Cryptocurrencies have garnered significant attention in Argentina, especially after Javier Milei, a crypto enthusiast, became the country's president. He has vowed to actively promote the widespread adoption of Bitcoin and aims to dismantle the Central Bank, criticizing it as an institution designed to deceive citizens. 
The body of Spanish crypto influencer Fernando Perez Algaba was tragically discovered in Argentina. He had been declared missing since last Tuesday.
On July 23, children in Ingeniero Budge found a suitcase containing his amputated limbs. The police subsequently found his torso on the next day, and his head was located in a backpack on July 25.
The motive for murder was related to his debts. A note left by Algaba’s explained that he had lost a significant amount of money invested in cryptocurrencies. 
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